The United Kingdom's Government shared on Friday in a statement that the country will be imposing bans on Russia's diamonds, "an industry worth $4 billion in exports in 2021," APA reports citing Teletrader.
The imports of Russian-origin copper, aluminum and nickel will also be prohibited.
Apart from sanctions related to trade, London is currently working to expand its list of designated individuals. The new one will target "an additional 86 people and companies from Putin’s military-industrial complex, and those involved in key revenue streams such as energy, metals, and shipping," it was written in the statement.
"For the sake of global peace and security, we must show that brutal violence and coercion does not reap rewards," UK Prime Minister Rishi Sunak said.
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